MicroStrategy is trading 5% up at $129.35 after investors responded to its newly established $1.59 billion USD cash pool and Canaccord’s price-target increase to $175 from $130.
- The cash can support future Bitcoin purchases, debt service, dividends, or share repurchases.
- Bitcoin is up 0.99% since the August 26 close.
- Nasdaq sentiment is positive after strong Nvidia and Salesforce results, adding supportive sector momentum.